Bloomberg Thailand’s central bank raised borrowing costs by a quarter-point, putting it further behind the policy tightening that peers in the region have followed to tame inflation and stem currency weakness. The baht extended its decline. The Bank of Thailand’s monetary policy committee voted unanimously to raise the one-day repurchase rate by 25 basis points to 1%, as seen …

  Bloomberg Citigroup Inc. appointed Grant Carson to manage its operations in Russia as a stand-alone entity as the US bank reduces its business in the country following President Vladimir Putin’s invasion of Ukraine. Russia will continue to be part of Citigroup’s EMEA emerging markets cluster under its regional Chief Executive Officer Ebru Pakcan, according to an internal memo seen …

  Bloomberg European Central Bank (ECB) President Christine Lagarde said borrowing costs will be raised at the next “several meetings” to ensure inflation expectations remain anchored and price gains return to the target. Addressing an event in Frankfurt, Lagarde said bringing inflation back to the 2% medium-term goal is the ECB’s main mission — despite increasing concerns about recessions in …

Bloomberg China’s Golden Week holiday will be a crucial period for stock traders looking for fresh market impetus, after a brutal year pushed a key benchmark to near its lowest in two years. The CSI 300 Index has lost more than 14% this quarter, buffeted by the nation’s Covid- 19 restrictions and property woes, as well as a global selloff …

  Bloomberg Japan’s bond market liquidity deteriorated to levels not seen in over a decade on growing fears that overseas rate hikes would lead to a global economic downturn. A Bloomberg gauge measuring the deviation of Japanese government bond yields from model-estimated values soared this week to its highest level since April 2011, suggesting few investors were willing to bet …

  ABU DHABI / WAM International Holding Company (IHC) announced on Wednesday the completion of a 54% stake acquisition in Emircom, the Middle East’s leading information and communications technology (ICT) provider, through its subsidiary, IHC Digital. This AED250 million transaction comes as part of the IHC’s group-wide strategy to grow its digital assets portfolio and expand into new growth areas. …

  Bloomberg Shell Plc’s renewable energy division acquired Daystar Power, an off-grid services provider in West Africa, in its first acquisition of a power firm on the continent. The takeover, which awaits regulatory approval, will enable Shell renewable and energy solutions business to deliver carbon emission reductions and power cost savings to commercial and industrial businesses across Africa, according to …

  Bloomberg Contemporary Amperex Technology Co. Ltd., the world’s biggest battery maker for electric cars with almost 35% of the market, plans to build a 14 billion yuan ($1.9 billion) manufacturing base in the city of Luoyang in the central Chinese province of Henan. Construction of the project in Henan will take up to three years, CATL said in a …

  Bloomberg Jet Airways India Ltd., the carrier undergoing a court-monitored process to emerge from bankruptcy, won’t return to the skies this month as previously planned, according to people familiar with the matter. The airline, once India’s top private carrier, can’t sell tickets in September because lenders are reluctant to allow it to take on any fresh liabilities such as …

Bloomberg A Singapore Airlines Ltd. flight en-route from San Francisco was escorted by fighter jets after a passenger allegedly claimed there was a bomb in his carry-on bag and assaulted the crew, according to the police. Singapore Airlines Flight 33 landed safely at Changi airport at 5:50am, the city-state’s Police Force said in a statement. The plane was taxied to …